earnings
confidence high
sentiment positive
materiality 0.90
Matson Q1 net income $339.2M, EPS $8.23; revenue up 64% YoY
Matson, Inc.
2022-Q1 EPS reported
$8.23
revenue$1,165,500,000
- Diluted EPS $8.23 ($339.2M net income) vs $1.99 ($87.2M) in Q1 2021; revenue $1,165.5M vs $711.8M.
- Ocean Transportation operating income $416.2M (44.1% margin) vs $114.1M; China container volume +13.4% YoY.
- Logistics operating income $16.4M vs $6.1M; EBITDA $476.4M vs $160.5M.
- Repurchased ~0.7M shares for $68.6M in Q1; Board increased authorization by 3M shares in January 2022.
- Declared $0.30 dividend payable June 2, 2022; total debt $614.7M, net debt $221.9M.